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Get your taxes done using TurboTax
I don't see an issue as far as fair rent is concerned, since the tenant was only renting one room, so the rent for that room was probably fair. As far as deducting depreciation and expenses for the whole year, you should just consider the house rented for the number of months it was fully occupied. So you will only deduct depreciation and expenses for a portion of the year.
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‎April 8, 2025
5:05 PM